PussyGalore
Meow
I've been saying for awhile now that Netflix is insanely overvalued and financially overextended and it would only be a matter of time before reality sets in and they begin to lose ground. Well, it looks like that moment might have arrived. Netflix reported on Monday that they failed to hit subscriber targets for the quarter. Naturally the market reacted and they lost 30 billion in share value.
Below is a fascinating article that highlights the spending deficit (in the billions) that Netflix can't possibly hope to recoup. More importantly, Netflix doesn't have a lot of proprietary value other than the shows it produces itself. Compare this to its streaming competitors Disney, Apple, and Amazon, all of which are heavily diversified in other products that make up their stock base. If any of these competitors struggle in the streaming market it won't tank that particular company, unlike Netflix which has no such safety net in place.
https://www.theguardian.com/media/2...ber-slowdown-could-mark-streaming-giants-peak
Below is a fascinating article that highlights the spending deficit (in the billions) that Netflix can't possibly hope to recoup. More importantly, Netflix doesn't have a lot of proprietary value other than the shows it produces itself. Compare this to its streaming competitors Disney, Apple, and Amazon, all of which are heavily diversified in other products that make up their stock base. If any of these competitors struggle in the streaming market it won't tank that particular company, unlike Netflix which has no such safety net in place.
https://www.theguardian.com/media/2...ber-slowdown-could-mark-streaming-giants-peak